Sprint Backtesting

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Sprint Corporation and determine expected loss or profit from investing in Sprint over given investment horizon. Also please take a look at Sprint Hype Analysis, Sprint Correlation, Sprint Valuation, Sprint Volatility as well as analyze Sprint Alpha and Beta and Sprint Performance
Investment Horizon     30 Days    Login   to change
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Backtest

Sprint 'What if' Analysis

April 24, 2017
 0.00 
No Change 0.00  0.0%
In 31 days
May 24, 2017
 0.00 
If you would invest  0.00  in Sprint on April 24, 2017 and sell it all today you would earn a total of 0.00 from holding Sprint Corporation or generate 0.0% return on investment in Sprint over 30 days. Sprint is related to or competes with Intelsat SA, ATT, Pandora Media, and . Virgin Islands. Sprint Corporation operates in two segments, Wireless and Wireline

Sprint Upside/Downside Indicators

  

Sprint Market Premium Indicators

Sprint lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Sprint regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Sprint Backtested Returns

Macroaxis considers Sprint to be unusually risky. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.048 which indicates Sprint had -0.048% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Sprint Corporation exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Sprint Coefficient Of Variation of (2,085) and Risk Adjusted Performance of (0.02) to confirm risk estimate we provide. Macroaxis gives Sprint performance score of 0 on a scale of 0 to 100. The entity has beta of 3.814 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Sprint will likely underperform.. Even though it is essential to pay attention to Sprint current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Sprint Corporation exposes twenty-eight different technical indicators which can help you to evaluate its performance. Sprint has expected return of -0.1984%. Please be advised to validate Sprint Total Risk Alpha, Downside Variance as well as the relationship between Downside Variance and Daily Balance Of Power to decide if Sprint past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.63) 

Very good reverse predictability

Sprint Corporation has very good reverse predictability. Overlapping area represents the amount of predictability between Sprint time series from April 24, 2017 to May 9, 2017 and May 9, 2017 to May 24, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprint price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Sprint price fluctuation can be explain by its past prices. Given that Sprint Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Sprint for similar time interval.
Correlation Coefficient -0.63
Spearman Rank Test 0.03
Price Variance 0.05
Lagged Price Variance 0.3

Sprint Lagged Returns

 Regressed Prices 
      Timeline 

Sprint Performance vs NYSE

The median price of Sprint for the period between Mon, Apr 24, 2017 and Wed, May 24, 2017 is 8.04 with a coefficient of variation of 6.54. The daily time series for the period is distributed with a sample standard deviation of 0.54, arithmetic mean of 8.24, and mean deviation of 0.46. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Acquisition by Frank Ianna of 31899 shares of Sprint subject...05/22/2017